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Hello, Welcome to Webuy NFT News.Who doesn’t knows the NFT of Bored Ape Yacht Club? The hype behind the Bored Ape Yacht Club (BAYC) over the last year resulted in many celebrities investing in the Ethereum-based nonfungible token (NFT) collection, with many such as singer Justin Bieber paying top dollar.Justin Bieber paid 500 Ether (ETH) for BAYC #3001 on Jan. 29, which at the time was valued at around $1.28 million, while the current top offer on the NFT cracks just over $69,500.According to data from NFT Price Floor, the floor price for the collection has fallen considerably since it peaked at 144.9 ETH on May 1 this year, which at the time was worth around $396,760, to a current low of 48 ETH, valued at $58,589 at the time of writing.Many other celebs also rode the wave of hype that saw the Yuga Labs made NFTs become a “blue chip” collection, such as entrepreneur Gary Vee, who still has a number of Bored Apes in his 2,400-strong NFT collection, and television host Jimmy Fallon, who bought BAYC #599 for $224,191 on Nov. 8, which has a current top offer of $70,264.It’s not all bad news for Bored Apes, though, with BAYC #8633 having been bought from digital art collector Pransky for nearly $747,500 on Nov. 17, showing that there is still a huge demand for Bored Apes with some rare attributes.

Celebrities facing huge losses from BAYC NFTs

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